public storage stock price history, Dividend stocks | PSA Dividend History

Public storage ticker PSA has a market cap of $52.6 billion, and a dividend yield of 2.7 percent Self Storage Reit is the world’s most recession-resistant segment. Other real estate suffered a 25 to 67 net loss during the Great Recession, but the self-storage segment group posted a 5% profit. Public Storage is the market leader in self-storage.

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REITs hold top market shares in 14 of the 15 largest US markets and more than twice as many positions as its next largest competitor. It has interests in more than 2800 facilities and approximately 200 million square feet of rentable space and has a presence in 40 US states. Its top markets Los Angeles San Francisco Miami New York and Seattle contribute nearly 40 percent of revenue.

PSA Dividend History

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Reid has been aggressively building his franchise since 2019. Public Storage expanded its portfolio by 23 percent and generated more than $7.4 billion in new investment profits. Thanks to digital projects and lower costs for payroll and utilities, companies such as this have emerged as a profit leaders in the self-storage industry.

PSA Dividend History

FFO per share of 20.8 percent year-over-year in the September quarter easily beat analyst consensus estimates. Public Storage also raised its full-year FFO outlook, with all of the company’s major markets reporting double-digit rent growth, with particular strength in the Los Angeles and Miami markets, which were up 22 percent and 25 percent, respectively. Reed has one of the best balance sheets in the industry, Public Storage has an A2 credit rating, while dividend growth has been a lower priority than portfolio expansion and debt reduction, which recently rewarded its investors with a special dividend comment of $13.15 per share. Plans for management are indicated.

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Resume dividend growth in 2023 and beyond public storage There’s plenty of dry powder to support dividend growth with over $2.4 billion in operating cash flow so far this year Currently $1.0 billion in payouts from FFO The total liquidity of over is 52%.

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